Forms Syntron(SZ:300468)2024-04-24 11:02Financial Performance - The company's operating revenue for 2023 was CNY 730,433,547, representing a 9.99% increase compared to CNY 664,112,243 in 2022[22]. - The net profit attributable to shareholders for 2023 was CNY 47,379,416.8, a 14.97% increase from CNY 41,209,039.6 in 2022[22]. - Basic earnings per share increased by 12.50% to CNY 0.09 in 2023, compared to CNY 0.08 in 2022[22]. - Total assets at the end of 2023 were CNY 1,750,969,993.65, a 1.37% increase from CNY 1,725,128,125.00 at the end of 2022[22]. - The total operating revenue for 2023 reached ¥730,433,547.54, representing a year-on-year increase of 9.99% compared to ¥664,112,243.27 in 2022[54]. - The total operating costs amounted to ¥509,579,683, which is an increase of 14.50% compared to the previous year[58]. - The gross margin for the company was 30.24%, showing a decrease of 2.74% from the previous year[58]. - The company achieved a net profit attributable to shareholders of RMB 47,379,416.85 for the year 2023[161]. Cash Flow and Investments - The net cash flow from operating activities decreased by 9.69% to CNY 127,111,472 in 2023 from CNY 140,751,892 in 2022[22]. - Cash and cash equivalents increased by 62.02% to ¥1,085,906,10.54 at the end of 2023, up from 55.81% at the beginning of the year[87]. - Investment cash inflow plummeted by 99.85% to ¥15,932.61 in 2023, primarily due to the absence of equity investment receipts[83]. - Financing cash inflow dropped by 100% in 2023, as there were no fundraising activities compared to the previous year[84]. - The net increase in cash and cash equivalents decreased by 84.33% to ¥75,559,634.97 in 2023, largely due to the lack of fundraising[86]. Dividend Distribution - The company plans to distribute a total cash dividend of RMB 31,838,956.5, which translates to RMB 0.6 per 10 shares (including tax) based on a total share capital of 53,064,927.5 shares as of December 31, 2023[5]. - The proposed cash dividend is RMB 31,838,956.5, equating to RMB 0.6 per 10 shares (including tax)[161]. - The company commits to a cash dividend distribution of no less than 20% of the distributable profit for the year, ensuring reasonable returns for investors[179]. Risk Management - The company emphasizes the importance of risk awareness in its future development outlook, as detailed in the management discussion and analysis section[5]. - The company has established a comprehensive risk management framework to address potential challenges in its operational environment[5]. - The company faces risks related to reliance on financial institutions, with a high dependency on their information technology investments, which could impact business development if economic conditions change[106]. - The company is exposed to increasing market competition, necessitating continuous innovation in technology and products to maintain its competitive edge[107]. Corporate Governance - The financial report is guaranteed to be true, accurate, and complete by the company's board of directors and senior management, ensuring accountability for any misrepresentation[5]. - The company has established a performance evaluation and incentive system for directors and senior management, ensuring transparency and compliance with legal standards[121]. - The company maintains independence from its controlling shareholder, with no guarantees provided to the shareholder and no non-operational fund occupation[125]. - The company adheres to strict information disclosure practices, ensuring timely and accurate communication with investors through various channels[124]. Technology and Innovation - The company is actively investing in new technologies such as distributed architecture, microservices, blockchain, digital currency, and artificial intelligence to enhance its service offerings[44]. - The company is focused on integrating new technologies such as AI, blockchain, and Web 3.0 into the financial sector to enhance client productivity[49]. - The company is implementing an innovation-driven strategy focusing on cutting-edge financial technology products, including blockchain and AI, while managing the risks associated with product development uncertainties[108]. Employee Management - The total number of employees at the end of the reporting period was 2,319, with 2,225 in the parent company and 94 in major subsidiaries[152]. - The total employee compensation in the operating costs was CNY 489.196 million, accounting for 96% of the total operating costs[155]. - The company emphasizes training programs to enhance employee skills and overall quality, ensuring a skilled workforce for sustainable development[156]. Market Position and Strategy - The company is positioned to benefit from the rapid development of the domestic software and information technology service industry, providing a broad market space for sustained business growth[32]. - The company aims to strengthen its international vision and global service capabilities while responding to national policies such as the Belt and Road Initiative[44]. - The company is focused on developing cloud service solutions and advancing research in mobile banking applications to improve service offerings[185]. Shareholder Engagement - The company held 2 shareholder meetings during the reporting period, with an investor participation rate of 32.58% for the annual meeting and 30.41% for the first extraordinary meeting of 2023[126]. - The company has verified the funds raised and confirmed that all net funds are stored in a dedicated account[95]. - The company will enhance its global service delivery capabilities while expanding its domestic market presence, leveraging opportunities from the upgrading of the banking IT system services in China[184].